By Matt Kelly Thomas Piketty’s Capital in the Twenty-First Century raised quite a stir last year among economists. Piketty identifies rising wealth inequality as inherent in capitalism, and recommends a worldwide wealth tax to temper its effects. Many have taken issue with Piketty’s data and analysis, and the idea that inequality is rising at all … Continue reading The Foundations of Political Capitalism
By Matt Kelly As Uber, Lyft and other “ridesharing” services continue to revolutionize the urban transportation landscape, more complaints are surfacing questioning the efficiency and fairness of the innovative services they provide. One of the more recent is “surge pricing,” the idea that services provided during peak periods carry a higher charge or fee. A … Continue reading New Study Tests the Merits of Surge Pricing
By Matt Kelly Florida Senator Marco Rubio has been an outspoken critic of President Obama’s call to end the trade embargo on Cuba, characterizing the policy shift as “a victory for oppressive governments the world over.”The grandson of Cuban immigrants, Rubio represents the interests of “old school” emigres. This group, which immigrated following the 1959 … Continue reading Rubio’s Opposition to Normalization with Cuba Not Without Merit
Original post date: February 03, 2014 Article by: Ben Douglas One of the more peculiar political phenomena of our time is the widespread support of minimum wage lawsamong unskilled labor, particularly service workers in low-wage industries such as hotels, restaurants, and retail shops. This is likely to increase with President Obama’s push to increase the … Continue reading Why do Workers Support The Minimum Wage?